Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-04-27

TAI knWn n23 Dls<f &DFefm.
aens Matters.
A washinetou spesfd 10 re HsraES
sagss u a. fe9sxwies via Ssnzaox All
scn, Of l0ga. taanhi1a several topiss II
sspecsal interest % tha eomusresRi ard
Anape1sl gaFi8- Be spoka wSsh his as-
e1stamed fknnknkaz Year earFespond-
srs orened ths taik By saying: = n0sies
TIE s1b eommiftea ca fha sak fssf Of
sa1rvslaalions Il ID ssszon sh SEEK.
n91 long wiH u rSobah8Y egz1iu1e IL
ses1lsn and WAT proEzezs have YEA
sa6e shss fsrss
SeEatog Allison replied. sYes, ire
COMMITTEES has been II ssssisn every
day this wesk. and wia ST here fer the
remainder q tue seek Toe Commissse
has uaes very satisfactory praRrEss con
ss1erina tbs maRuifacs Of she sobf5es
aud ire ditheaitiss IN the way Of resekl-
the correct eonaiasi0us
Whst i likely 80 Be the sitnatisa
Es4peetlsR TIE surrlns. owing 10 fAiisre
70 fsdacs tsxztion e. the iass session.
IhsFs VII pEobsbiy be No consiceFa
be eecuwmalatioa OF the surplus dur
ma TIE remainder Of this fiscal year.
The debt Vas FedEsed $500 during
she last mouth. and the money IN the
Treasury sbo1t goo GO. % THAI 81
ikis rate OF any Feasonsble sppEozah.
TIE Feaemption OF al the 3 peF cents.
vii take piaes bstBeen nov sod July 1.
After that tins there viii Be 3 coastznt
accum1istion Of money in she Treas
1ry over and above cnFfent p4yments
90 tie extent Of frsu f8go000o % SO,
000Oo6 month, unfil Congress either
reduces taxes or makes see and addi-
tional sppFopristioHs IfCongress does
not esrvsne until DscsmbeF. reduction
is prohebls not before year fron next
Juiy, the result Of Wkieh would Be an
reconciliation OF Surplus In addition to
thHt r0w IN The Trashy Of from &90.-
000Ooo 70 500 oe00o0"
IL has been suggested that the Score
t1ry Of the Treasury might utilize the
Nsii0nal Bank Repositories fog the de-
pnsit Of the ao9amnistinR sugplns and
that they IN fuFn could lean it and thus
keep the money received for taxes IN the
hands Of tbs people"
Il have heard this proposition discuss
ed here and there, bat Il does not seem
10 me feasible. It might be done to
seine extent. but il would not be wise
20 yl4ee large sums in this way With the
banks. They could not loan il for busi-
ness purposes uithoot "a anderst gndInQ
that q was TO be called for oy the Treas
airy. S1ch an understanding would lead
10 fevoritisn and speculation. These
national repositories sre established
only to facilitate Government ooIlso-
tons and payments, add not ~ favor
ties 20 loan pubic money. With rare
exceptions the money bel By dsposito
Fies has always been subisct TO draft al
any time. aud the deposits have been
made only upon she security OF Govern
ment bonds. 80 that this scheme or plan
- nos prscticable to any considerable
extent In providing a method TO keep
in circulation moHsy drawa into tbs
Treasury BY taxation. The trus method
IS to appropriate reasonable snms for
the purp gses Of RoFernmsnt, and then
reduce taxes 90 that there will be ~
great surslas. ! know Of but one way
OF reducing this amount that Is TO 90
into TIE open market aud buy unma
tuFed f0uTs or foars and half and pay
the current premium for them. 1hs
sinking Fand will require for the fiscal
year 1855 about f0rty-six millions. II
this requirement. u met, ia Il amount
Of f0urs or fSnrs and 4 half mo be
.
Plus will be redncsd. This she Secretary
will do undoubtedly; FIRST, because the
Law requires. and, second, because IL
viii be necessary IN order 10 avoid
great stringesoy Ia the money markein
Are you rightly reported as beliss .ng
that the President should cell an extra
session before December. so as to give
Congress an Opportunity OF reducing
taxesTn
Il think the President ought to con
vsne Congress as early a. Ostober for
ihe purpose Of cOnsiderinR toe question.
THIS woald, probably, bY three months.
hasten change in our tax Laws. These
changes must originate in the House.
IL Congress oonVeBes IN October Il
would e5ntInne IA session until Dscspl-
Der. The Speaker could appoint the
Committee of Ways and Means early
IN Oct0beF, and By the first Of January,
IN that event, & measure could be ma
tnrsd and brought into the House, where
q could be considered and sent TO the
Senate as early AZ March, and a bill
could thus pass both houses by May Of
next yeaF; whereas, II all action IL past
P0ned until the regular session In De-
cembef, u is not probable that any
s-Al1-a@AA NtAta RA1o OIA0AC AUGUST DE
sides, at the regular session appropEis-
tian bills would ibtervene aud the ex-
element and the disturbance Of a
presidential campaign would come in,
80 hat there would not then be that
careful delibsratisn THAI would be bad
u Congress should begin tue work as
early a. Oolobsr this year"
w lat are the prospects for 1855 a.
regarding the success Of the Republican
or Democrats partyYs
"It is too soon 30 judge with any de-
Rres Of accuracy at ghis time.
The Indications are favorable 10 SOC
cess. but some new elements are now
appearing in the elections which make
any prophecy nov 81 little value
think the Republicans oaeht 90 succeed,
because thsy can administer the Gsv.
eminent aDore 10 accord with the spirit
Of the times than onF opponents; but
there Is strong element n5t in accord
With either parry that as they 90 IN
lsoS may effect the result. II there are
only TIVE tickets In the field I would
have no d0abt ef our success. n there
should be three or four the result m light
be changed. Bat I have faith in our
sacSees, because I believe We oaRht 20
succeed. and also because most II y OF
all. present indications are in that di.